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Ultimate Narrative Traders
Niklas Polk and 1 other
main
Key Takeaways
11 min read
  • In terms of portfolio allocation, ETH and BTC are the top holdings amongst the Top 15 narrative traders, followed by JOE.
  • Ethereum Mainnet remains the most popular chain among narrative traders, as it holds 61% of their assets, followed by Arbitrum with 26%. Optimism, Avalanche, and BNB Chain
  • Most of the aforementioned traders have effectively rotated between one or two distinct narratives. While we might anticipate more traders to switch between narratives, we have determined that less is more, and excessive diversification may not be optimal.
  • Narrative traders are rotating to the LSD narrative and zkSync ecosystem.

Introduction

This report delves into the world of crypto narrative traders, shedding light on the strategies and techniques employed by 15 successful individuals in the field. The process of identifying these traders is explained through a well-defined methodology. Key aggregated metrics, such as most held tokens, most used chains, and most interacted with contracts, are discussed to provide an overview of the selected wallets' behavior.

A comprehensive analysis of each wallet is presented, unveiling their unique trading activities and strategies. The ultimate goal of this report is to derive actionable alpha, allowing readers to leverage the insights and potentially profit from understanding these traders' tactics. We will also...